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Wednesday, 05/23/2018 7:35:42 PM

Wednesday, May 23, 2018 7:35:42 PM

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From the cannabis report iHub:

Trump Backs States Regulating the Marijuana Business

President Trump has endorsed letting states decide how to regulate marijuana, and the democrats are introducing legislation to decriminalize marijuana. This is a major boost for the legal pot industry and has lifted cannabis stocks, making it a great time to start buying into this thriving new sector.

The North American marijuana business posted a revenue of $9.7 billion in 2017 - 33% up on the previous year. Now that California has legalised recreatational use, and with Canada set to follow suit in the summer, the green rush shows no sign of slowing down. Analysts predict the market could hit $24.5 billion in sales by 2021.
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